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AR HB1737
Bill
Status
4/27/2011
Primary Sponsor
Keith Ingram
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AI Summary
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Amends Arkansas Code § 26-52-107 to redirect sales and use tax revenue from out-of-state sellers once federal law authorizes the state to collect such taxes
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Requires the Chief Fiscal Officer to certify monthly to the State Treasurer the net general revenues from out-of-state sellers and from motor vehicle-related sales (vehicles, tires, batteries, accessories, and services)
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Distributes net available general revenues from out-of-state seller taxes (up to the amount generated by motor vehicle sales) in the following percentages: 76.6% to the State Highway and Transportation Department Fund, 8.5% to the Property Tax Relief Trust Fund, and 14.9% to the Educational Adequacy Fund
Legislative Description
To Provide That The Amount Of Sales And Use Tax Generated From Motor Vehicle And Related Sales Goes To The Arkansas State Highway And Transportation Department As New Revenue From The Streamlined Sales Tax Is Generated.
Last Action
House Died in House Committee at Sine Die adjournment.
4/27/2011